Vancouver Area   Jan 18, 2019  (2-week update)

Current:  Vancouver area Real Estate Market ranges from a Sellers Market to a Buyers Market with an average of 4.6 %SOLD rate.   See each city for the full details.

Forecast: December's Real Estate Statistics shows 72% of Vancouver's Detached Markets values experienced an Average Monthly Price decrease of $11,497 which is close to the $11,521 November price drop. On Average, the Fraser Valley Market shows a $7,226 monthly price decrease. Consumer confidence has been damped with the Volatile Stock Markets, tougher mortgage lending rules, and pending interest rate increases. We are forecasting a Buyer's Market across most Detached Markets for the following months.

Currently, the Condo Market presents a Cool Market with 67% of the Greater Vancouver (Lower Mainland) now decreasing. At the same time, 68% of Townhouse Markets are decreasing. (19 out of 28 Markets). Both Markets still indicate a Buyer's "Wait-To-Drop-More" behaviour for the last 2 quarters. We are forecasting a Buyers Market in all Condo/Townhouse Markets for the foreseeable future. We analyze and provide 97 individual City's Home Price Indexes to supply you the MOST ACCURATE Market Trends every 2 weeks. Please contact us for your own Market Value Update with an in-depth Analysis and Forecast in your Local Market Area and more specifically - Your Neighborhood.

Fraser Valley & Chilliwack  Jan 18, 2019  (2-week update)

Current:  Fraser Valley and the Chilliwack areas overall are in a Buyer Market averaging a 8.4 %SOLD rate.  See each city link for the full details

In the Vancouver area for the Month of Dec 2018, 33% of the Single Family Home Sold Listings reduced their List Price by the Average of $87,007. This compares to the Nov 2018, when 31% reduced their List Price by the Average of $114,117
note: the other Two Week Reports ( STR and MTI ) will be more accurate market indicators than this monthly report after the middle of each month.)

In the Fraser Valley-Chilliwack area, for the Month of Dec 2018, 42% of the Single Family Home Sold Listings reduced their List Price by the average of $35,197. This compares to the Nov 2018 when 38% reduced their List Price by the average of $39,304.

Now do compare the %SOLD and the MTI rates to the year 2017!

Now do compare the %SOLD and the MTI rates to the year 2016!

Now do compare the %SOLD and the MTI rates to the year 2015!

Now do compare the %SOLD and the MTI rates to the year 2014!

Now do compare the %SOLD and the MTI rates to the year 2013!

Now do compare the %SOLD and the MTI rates to the year 2012! Now do compare the %SOLD and the MTI rates to the year 2011!

The Best and Worst Investments in Greater Vancouver (YTD)

AVERAGE Prices Changes 
(Click Image to See High and Low)


HIGH ENDS AND LOW ENDS

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